NextNRG gets Nasdaq MVLS notice; fails all three continued-listing standards with delisting appeal pending

NEXTNRG, INC.

• Nasdaq notice dated Oct. 21, 2026: market value of listed securities below the $35M minimum (Rule 5550(b)(2)) for 30 straight business days, Sept. 9 through Oct. 20, 2026.
• Company also fails both alternatives: $2.5M stockholders' equity (5550(b)(1)) and $500K net income (5550(b)(3)); has 180 days, until April 19, 2027, to regain compliance.
• Compliance returns if MVLS closes at $35M or more for 10 consecutive business days; Nasdaq may discretionarily require up to 20 days.
• Earlier $1.00 bid-price deficiency (March 16, 2026 notice) prompted a Sept. 15, 2026 delisting determination; 1-for-10 reverse split took effect Sept. 14, 2026.
• Nasdaq Hearings Panel hearing was held Oct. 22, 2026; no final written decision yet, and the Panel may weigh the MVLS deficiency. No assurance listing is kept.